Paints and Coatings Market Scope
The continuous growth in industrial development, favorable government regulations for environment friendly paints and coatings and increasing global infrastructure will lead to drive the global paints and coatings market. Moreover, since the larger underdeveloped countries are available in the market with lack of construction, thus, the overall paints as well as coatings market will grow at a significant rate in the forecasting years. In addition to this, introduction to automated painting and coating machineries will further fuel the demand for global paints and coatings market.
According to AMA, the Global Paints and Coatings market is expected to see growth rate of 4.19%
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Paints and Coatings market throughout the predicted period.
AkzoNobel N.V. (Netherlands), PPG Industries (United States), Axalta Coatings Systems (United States), BASF Coatings GmbH (Germany), The Sherwin-Williams Company (United States), Nippon Paint Holdings Co.Ltd. (Japan), Asian Paints (India), Kansai Paint Co. Ltd. (Japan), Jotun A/S (Norway) and RPM International (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hempel A/S (Denmark), Behr Process Corp. (United States), Benjamin Moore & Co. (United States) and Ennis-Flint (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Paints and Coatings market , by Application (Architectural, Protective and Others) and Region with country level break-up.
On the basis of geography, the market of Paints and Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On January 7th, 2019, PPG has announced that it has reached an agreement to acquire automotive coatings manufacturer Hemmelrath. The transaction is expected to close in the first half of 2019, subject to customary closing conditions. Financial terms were not yet disclosed.
According to the United States Government regulations for chemical products such as paints and coats which are sold or consumed by consumers, “Certain labeling information is required under the Fair Packaging and Labeling Act (FPLA), the Federal Hazardous Substances Act (FHSA), and the Consumer Product Safety Act (CPSA). The definitions may differ from those provided under the HCS, which relate to industrial purpose paints and coatings. These regulations are applied for consumer products containing certain hazardous substances, toxic, corrosive, irritant, and extremely flammable Paints and Coats.
- Growing Adoption of Elastomeric Coating in Construction Industry
- Increasing Applications of Fluoropolymer in Building and Construction Industry
- Introduction to Durable Coatings with Improved Performance
- Increasing Demand from Number of Industries
- Attractive Prospectus of Powder Coatings leading to Create Number of Opportunities in Global Paints and Coatings Market
- Increasing Number of Nuclear Families across the Globe
- Applying Water-based Coatings as well as Paints is a Time-Consuming Process
- Comparative Excessive Distribution Overheads for Coil Coatings
- Stringent Environmental Regulations for Minimizing Pollution across the Globe
- Availability of Cheaper Substitutes in both Paints and Coats
- Atmospheric Challenges in Applying Coats and Paints
Key Target Audience
Paints and Coatings Manufacturers, Paint and Coating Distributors, Traders and other Stakeholders, Major End-Users of Paints and Coatings, Industry Associations related to Paints and Coatings, Government Bodies including Policy Makers and Regulating Authorities, Market Research and Consulting Firms and Others